Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$28.60
Document Type
Article
Pages
13
Notes Online Home 2020 Tax and Property SMSFs and property explained
Tips and traps with SMSF borrowing arrangements
In this segment of the seminar notes we investigate the tips and traps with SMSF borrowing arrangements. In more detail:
• The limited recourse borrowing arrangement exception
• Borrowings must be applied to ‘acquire, maintain or repair’ (but not improve) a single acquirable asset
• The ‘same’ asset must be held on trust at all times
• Tax treatment of the acquirable asset while it is held on trust
• Using a related party lender in an LRBA